Nigeria: Market for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) 2024

Market Size for Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Nigeria

The Nigerien market for chemical wood pulp (soda and sulphate, other than dissolving grades) surged to $X in 2022, growing by X% against the previous year. Overall, consumption recorded strong growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades) in Nigeria

In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) contracted to $X in 2022 estimated in export price. In general, production saw a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Exports from Nigeria

In 2013, the amount of chemical wood pulp (soda and sulphate, other than dissolving grades) exported from Nigeria declined remarkably to X tons, waning by X% against the year before. Over the period under review, exports recorded a precipitous setback. Over the period under review, the exports of hit record highs at X tons in 2012, and then fell rapidly in the following year.

In value terms, exports of chemical wood pulp (soda and sulphate, other than dissolving grades) soared to $X in 2013. Overall, exports, however, posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of chemical wood pulp (soda and sulphate, other than dissolving grades) from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for chemical wood pulp (soda and sulphate, other than dissolving grades) exports from Nigeria.

From 2012 to 2013, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%.

Export Prices by Country

The average export price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2013, jumping by X% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2013, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Imports of Chemical Wood Pulp (Soda And Sulphate, Other Than Dissolving Grades)

Imports into Nigeria

Imports of chemical wood pulp (soda and sulphate, other than dissolving grades) into Nigeria soared to X tons in 2022, with an increase of X% on 2021. In general, imports showed a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) soared to $X in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of soda and sulphate chemical wood pulp to Nigeria, with a X% share of total imports. Moreover, imports of chemical wood pulp (soda and sulphate, other than dissolving grades) from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. New Zealand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and New Zealand (X% per year).

In value terms, the United States ($X) constituted the largest supplier of chemical wood pulp (soda and sulphate, other than dissolving grades) to Nigeria, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and New Zealand (X% per year).

Import Prices by Country

The average import price for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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